General Motors Co. has completed payments for an emergency loan it had gotten for Opel. The loan amounted to 1.5 billion euros (about $2.25 billion) including interest. As a result, a trust that had held a 65% stake in Opel has been dissolved, allowing GM to regain full control of its European brand.

A statement from the German economics ministry confirms that the shares in Adam Opel GmbH had been returned to GM. It can be recalled that GM received a six-month emergency loan from Germany last June that resulted to GM losing majority ownership in Opel. The Opel trust was tasked to monitor GM’s liquidity needs and to oversee the sale of a majority stake to a new investor. Earlier this month, GM had chosen to withdraw from an agreement to sell Opel to Magna International Inc.

Tags: car news, general motors, GM, gm opel full control, opel news

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